Charter Hall Retail Reit · ASX:CQR
Charter Hall Retail Reit — Shareholder Meeting (October 2017)
24 slides from Charter Hall Retail Reit's shareholder meeting presentation, Oct 31, 2017
Slide 1: Charter Hall Retail REIT
Charter Hall Retail REIT
Slide 2: Contents
Charter Hall Retail REIT | 31 October 2017 Contents 1 Independent Chair’s Presentation: John Harkness 2 Fund Manager's Presentation: Scott Dundas 3 Items of Business 4 Questions Wanneroo Central, Wanneroo WA
Slide 3: Board of Directors
Charter Hall Retail REIT | 31 October 2017 Board of Directors John Harkness Independent Chair Alan Rattray-Wood Sue Palmer Michael Gorman Greg Chubb David Harrison Independent Director Independent Director Independent Director Executive Director Executive Director Group Head of Retail Managing Direc
Slide 4: Independent Chair's Presentation
Charter Hall Retail REIT | 31 October 2017 Independent Chair's Presentation Lansell Square, Kangaroo Flat Vic
Slide 5: Our Strategy
Charter Hall Retail REIT | 31 October 2017 Our Strategy #1 #2 #3 ACTIVE ENHANCE PRUDENT MANAGEMENT PORTFOLIO CAPITAL QUALITY MANAGEMENT Maintaining strong tenant relationships, Through value enhancing redevelopment, With a focus on a strong optimising tenancy mix through proactive selective acquisit
Slide 6: Corporate Responsibility and Sustainability
Charter Hall Retail REIT | 31 October 2017 Corporate Responsibility and Sustainability ECO INNOVATION PLACE CREATION WELLBEING Resilience Fit For Future Creating Healthy Spaces and • Climate Change Adaptation Plan • Stakeholder engagement plans Environments prepared for a retail development to imple
Slide 7: Fund Manager's Presentation
Charter Hall Retail REIT | 31 October 2017 Fund Manager’s Presentation Arana Hills Plaza, Brisbane Qld
Slide 8: 2017 Highlights
Charter Hall Retail REIT | 31 October 2017 2017 Highlights 98% $ 2.8b “We have continued to grow the REIT, enhancing 8.4% STABLE OCCUPANCY PORTFOLIO VALUE the quality of the portfolio by recycling out of lower growth into higher growth assets that are the dominant convenience based supermarket anc
Slide 9: Portfolio Performance
Charter Hall Retail REIT | 31 October 2017 Portfolio Performance 69 > 575,000 PROPERTIES GLA As at 30 September 2017 Portfolio well positioned to continue to deliver a secure 98% $ 2.9b and growing income stream OCCUPANCY PORTFOLIO VALUE ASSET VALUE BY STATE (%) 10% SPECIALTY 1,962 SPECIALTY TENANCI
Slide 10: Acquisitions and Divestment Strategy
Charter Hall Retail REIT | 31 October 2017 Acquisitions and Divestment Strategy • Strategic focus is to deliver sustainable income growth by: Increasing average asset size through: • Targeting acquisitions of larger neighbourhood and smaller sub-regional shopping centres • Redeveloping existing co
Slide 11: Capital Transactions
Charter Hall Retail REIT | 31 October 2017 Capital Transactions Capital Recycling Improving Quality • Strategy of enhancing the REIT’s portfolio quality by recycling out of lower growth non-core smaller properties into larger, higher growth properties • Requirement that all assets are the dominant c
Slide 12: Acquisitions
Charter Hall Retail REIT | 31 October 2017 Acquisitions Convenience based shopping centres dominate in their catchment Highfields Village Shopping Arana Hills Plaza, Qld Salamander Bay Centre, NSW Centre, Qld Arana Hills Plaza is strategically located in the fast- Located in the Port Stephens region
Slide 13: Debt Restructuring
Charter Hall Retail REIT | 31 October 2017 Debt Restructuring “These prudent capital initiatives have maintained the REIT’s weighted average debt maturity at 6.1 years, increased bank lending group from three to five and provided increased liquidity enabling the REIT to capitalise on acquisition and
Slide 14: FY18 Outlook
Charter Hall Retail REIT | 31 October 2017 FY18 Outlook • We confirm that, barring unforeseen events and subject to the timing of acquisitions and divestments, the REIT’s FY18 guidance for operating earnings is expected to be between 30.2 to 30.6 cents per unit • Distribution payout ratio range is e
Slide 15: Items of Business
Charter Hall Retail REIT | 31 October 2017 Items of Business Highfields Village Shopping Centre, Toowoomba Qld
Slide 16: Procedural Matters
Charter Hall Retail REIT | 31 October 2017 Procedural Matters • If there are any Unitholders who are eligible to vote who have not received their yellow voting card, please see a representative from Link Market Services at the registration desk • Unitholders holding a red card are not eligible to vo
Slide 17: Formal Business
Charter Hall Retail REIT | 31 October 2017 Formal Business Both resolutions 1 and 2 are advisory only and non-binding on Charter Hall Retail Management Limited (“CHRML”) or the Directors of CHRML. However, the Directors of CHRML intend to give due consideration to the results of these resolutions to
Slide 18: Resolution 1: Election of Independent Director
Charter Hall Retail REIT | 31 October 2017 Resolution 1 Election of Independent Director To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Unitholders: “That Michael Gorman, a Director of CHRML be elected as a director of CHRML” 18
Slide 19: Resolution 1: Proxies
Charter Hall Retail REIT | 31 October 2017 Resolution 1 Proxies FOR: 303,386,279 99.04% OPEN: 842,542 0.28% AGAINST: 2,109,105 0.69% ABSTAIN: 425,716 19
Slide 20: Resolution 2: Election of Independent Director
Charter Hall Retail REIT | 31 October 2017 Resolution 2 Election of Independent Director To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Unitholders: “That John Harkness, a Director of CHRML be re-elected as a director of CHRML” 20
Slide 21: Resolution 2: Proxies
Charter Hall Retail REIT | 31 October 2017 Resolution 2 Proxies FOR: 262,476,142 85.68% OPEN: 858,924 0.28% AGAINST: 43,023,048 14.04% ABSTAIN: 405,528 21
Slide 22: Questions
Charter Hall Retail REIT | 31 October 2017 Questions Secret Harbour Square, Secret Harbour WA
Slide 23: Important Notice
Charter Hall Retail REIT | 31 October 2017 Important Notice Charter Hall Retail Management Limited ABN 46 069 709 468; AFSL 246996 (“CHRML”) has issued this presentation in its capacity as the responsible entity of Charter Hall Retail REIT ARSN 093 143 965 (“CQR” or “the REIT”). This presentation ha
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